DENVER, July 17, 2024–(BUSINESS WIRE)–Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today second quarter 2024 financial and operational results. Summary Results and Highlights Revenue of $1.2 billion, an 8% sequential increase Net income of $108 million, or $0.64 fully diluted earnings per share (“EPS”) Adjusted EBITDA1 of $273 million, a 12% sequential
The company plans to deliver its first systems in 2025 and open a full-scale production facility in 2027. July 17, 2024 Ryan Kennedy U.S. manufacturer Peak Energy announced it has secured a $55 million Series A funding round to scale production of grid-scale sodium-ion batteries. The funding round was led by Zora Innovation, a investing
BEMIDJI — The Minnesota Department of Commerce will host a Home Energy Rebate Program hearing from 6 to 8 p.m. on Wednesday, July 24, in the Beaux Arts Ballroom at Bemidji State, 1500 Birchmont Drive NE. The Home Energy Rebate Program was funded through the Inflation Reduction Act of 2022, which invests $500 billion in
Credit: Unsplash/CC0 Public Domain Commercial greenhouses in Europe are testing new energy and water efficiency technologies in support of the green transition. In the province of Almería in southeastern Spain, farmers grow an estimated 2.5 to 3.5 million metric tons of fruit and vegetables every year in what has become known as Almeria’s sea of
Ayelet Hines is director of community engagement at Tigercomm. To understand why 15% of U.S. counties have passed bans on renewable energy — with a 111% increase over the past year — you must understand two fundamental tensions at work right now. First, there is the tension of climatological imperative — the ultimate action-forcing factor that has governments,
Thai billionaire entrepreneur Sarath Ratanavadi plans to merge his energy and telecoms companies in a new firm, which will be worth around $20.5 billion. Ratanavadi, with a net worth of $10.8 billion as of July 17, owns Gulf Energy Development, one of Thailand’s largest power producers by installed capacity. The businessman, number 5 on Forbes’ list
NineDot Energy battery site in the Northeast Bronx (Photo: Business Wire) Commitment from NY Green Bank doubled based on NineDot’s demonstrated performance and advancement of New York’s energy storage deployment NEW YORK, July 17, 2024–(BUSINESS WIRE)–NineDot Energy®, the leading developer of community-scale battery storage projects in the New York City metro area, today announced the
FAIRFIELD, N.J., July 17, 2024 (GLOBE NEWSWIRE) — Transparent Energy, the national leader in auction-based energy procurement for renewable energy, traditional power, and natural gas, today introduced the members of its inaugural Strategic Advisory Board: Derek Ashbaugh, former Managing Director, Global Trading and Origination at BP; Meg Carey, energy procurement and sustainability entrepreneur and consultant
The Department of Energy unveiled on Tuesday the details of a sweeping new initiative that could dramatically increase the federal government’s work on artificial intelligence. DOE, alongside its network of 17 national labs, is pledging to “build the world’s most powerful integrated scientific Al systems.” But the initiative — dubbed Frontiers in Al for Science,
According to Lucid, the Air Pure 2025 with its 84-kWh battery pack now has an EPA-estimated range of 420 miles, or 5 miles per kWh, making it the most energy-efficient model currently on the market. The model also features the longest range in Lucid’s lineup, and the lowest cost, starting from $69,900. The improvement was